497-501 Ave Y

Gravesend, Brooklyn | East 2nd Street & East 3rd Street

2,600 Square FeetDevelopment Site

$8,950,000

floors / apts2 / 2

Lot Size100'x100'

Built Size25'x65'

ZoneR4

Building TypeHouse

RE Taxes$16,000

Price Per SF

$3,442

Property Description for 497-501 Ave Y

Introducing 497-501 Avenue Y an expansive 100×100 corner property right off ocean parkway & east 3rd street. This sale comprises of the 2 adjacent lots a 40×100+60x100 totaling 100×100

The 40×100 lot has a legal 2600sqFt brick two family with a full basement & two detached garages in the back. The property is in good condition and will be delivered vacant on the sale.

The lots are both zoned R4 with .75FAR but goes up to 2FAR with a CF & potentially more with a variance. Caveat Emptor applies, buyers are expected to due full DD regarding zoning & permitted land use.

Listing History for 497-501 Ave Y

Now

10/29/2025

POM by Nathaniel J. Smith

Oxford Property Group

10/04/2025

Back on the Market by Nathaniel J. Smith

Oxford Property Group

Building Details for 497-501 Ave Y

OwnershipDevelopment Site

Building TypeHouse

AgePre-War

AccessWalk-up

Year Built1930

Floors/Apts2/2

Learn More About the Building

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 94485TH